Important Form D Filing: Teal Drones $3.00 million Financing. George Matus Jr Submitted Oct 26 form D

Technology Teal Drones, Inc. - George Matus Jr

Teal Drones Financing

Teal Drones, Inc., Corporation just filed form D about $3.00 million equity financing. This is a new filing. Teal Drones was able to fundraise $3.00 million. That is 100.00% of the fundraising offer. The total private offering amount was $3.00 million. The form was filed on 2016-10-26. The reason for the financing was: unspecified.

Teal Drones is based in Utah. The firm’s business is Other Technology. The form D was signed by George Matus Jr Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 2750 E. Cottonwood Pkwy, Ste 600, Cottonwood Heights, Ut, Utah, 84121. George Matus, Jr. is the related person in the form and it has address: 2750 E. Cottonwood Pkwy, Ste 600, Cottonwood Heights, Ut, Utah, 84121. Link to Teal Drones Filing: 000166139316000005.

Analysis of Teal Drones Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Teal Drones sold 100.00% of the offering. Could this mean that the trust in Teal Drones is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 94.81% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is set at $0. If you know more about the reasons for the financing, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Teal Drones Also

The Form D signed by George Matus Jr might help Teal Drones, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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